Hi Friends, This is Laura posting this chart. I saw an interesting look at the daily today as we got back to the highs of 873 today. It looks as though we could be in an ascending triangle formation. The bottoms have come up from earlier in January and the resistance is holding at 873 to 875 area. If we do get thru there with some significant volume, our next target would be the highs in early January around 940ish. If we drop thru the lower trend line, our next target will be the lows at 740ish. Or we could just sit here stuck in this little formation for a while waiting. We shall see what the "big boys" decide to do with it. Be careful out there and always trade with and honor your stops!!!
Posts
No comments:
Post a Comment